Global Conveyor Belt Market 2024-2028
The conveyor belt market is forecasted to grow by USD 1.32 bn during 2023-2028, accelerating at a CAGR of 4.69% during the forecast period. The report on the conveyor belt market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for automation in material handling, rising adoption of e-commerce and logistics, and increasing need for cost reduction during manufacturing operation.
Technavio's conveyor belt market is segmented as below:
By End-user
- Retail
- Food and beverage
- Automotive
- Others
By Type
- Unit handling
- Bulk handling
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increasing demand for IoT-enabled conveyor belt systems as one of the prime reasons driving the conveyor belt market growth during the next few years. Also, increasing demand for steel cord conveyor belts and rising use of conveyor belts in warehouses will lead to sizable demand in the market.
The report on the conveyor belt market covers the following areas:
- Conveyor belt market sizing
- Conveyor belt market forecast
- Conveyor belt market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading conveyor belt market vendors that include ACMI SpA, Apollo Group B.V., Beumer Group GmbH and Co. KG, Carolina Material Handling Inc., Daifuku Co. Ltd, Eriez Manufacturing Co., FIVES SAS, FLSmidth and Co. AS, Forbo Management SA, Habasit, Heat and Control Inc., Hytrol Conveyor Company Inc., ICONVEY, Indpro Engineering Systems Pvt Ltd., Shriram Beltings., Telschig GmbH, Toyota Industries Corp., VIBRA MASCHINENFABRIK SCHULTHEIS GmbH and Co., Techflow Enterprises Pvt. Ltd., and Vac U Max. Also, the conveyor belt market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.